The team and McAfee's agent, Joby Branion, have until July 15 to find common ground on a long-term contract. After that deadline passes, McAfee must play under the guaranteed tag.

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Pat McAfee isn't going anywhere for at least a year, and the Indianapolis Colts will compensate their veteran punter handsomely for restricting his mobility.

But while the team affixed the NFL's franchise tag to McAfee's name Friday - it's a one-year, $2.977 million contract - it might just be a precursor to a larger payday.

The team and McAfee's agent, Joby Branion, have until July 15 to find common ground on a long-term contract. After that deadline passes, McAfee must play under the guaranteed tag. The value of the franchise tag, as addressed in the Collective Bargaining Agreement, is an ...